Economic Analysis of LawThis text for students of law and economics concentrates on the progress of scholarship in the field. Concrete applications are emphasized over abstract theory in the book. |
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Page 5
... effect reduces demand but the second ( under the assumption of an inferior good ) increases it and might conceivably , but improbably , outweigh the first . The wealth effects of a change in the price of single good are likely to be so ...
... effect reduces demand but the second ( under the assumption of an inferior good ) increases it and might conceivably , but improbably , outweigh the first . The wealth effects of a change in the price of single good are likely to be so ...
Page 440
... effect of government transfers on private charity . Government transfers are a substitute for private giving , so they should lead to a cutback in private giving — an effect compounded by the fact that the tax necessary to defray the ...
... effect of government transfers on private charity . Government transfers are a substitute for private giving , so they should lead to a cutback in private giving — an effect compounded by the fact that the tax necessary to defray the ...
Page 472
... effect may be offset by an income effect . If leisure is a " superior good ” — meaning that proportionately more of it is con- sumed as one's income rises - then the high marginal tax rate associated with progressive income taxation may ...
... effect may be offset by an income effect . If leisure is a " superior good ” — meaning that proportionately more of it is con- sumed as one's income rises - then the high marginal tax rate associated with progressive income taxation may ...
Contents
THE NATURE OF ECONOMIC REASONING | 3 |
THE ECONOMIC APPROACH TO LAW | 19 |
PROPERTY | 29 |
Copyright | |
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accident costs activity agency antitrust average benefits bilateral monopoly breach buyer capital cartel Chapter Coase Theorem common law compensation competition consumers contract corporation costly courts crime criminal damages defendant demand deterrence discussed doctrine earnings economic analysis economist effect efficient elasticity employer enforcement example expected federal firm firm's higher impose incentive income increase infra injurer interest investment labor land Law & Econ less litigation loss lower marginal cost monopolist monopoly price monopoly profits monopsony natural monopoly negligence opportunity cost optimal output owner parents parties percent plaintiff pollution Posner predatory pricing prevent price discrimination probability problem profits property rights punishment purchase railroad reason reduce regulation require result revenue risk risk averse rule sell seller shareholders social costs strict liability substitute Suppose supra theory tion tort transaction costs union utility victim wage wealth widgets workers